StockWatch
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Diversified Commercial Services
Deals18 Sept 2026, 06:50 pm

Oseaspre Promoters Sign Share Purchase Agreement for Control Transfer

AI Summary

The promoters of Oseaspre Consultants Limited have entered into a Share Purchase Agreement (SPA) on September 18, 2026, to sell their 73.52% stake to Mr. Nimesh Sahadeo Singh. The company itself is not a party to this agreement. The transaction involves a cash consideration of ₹70,58,064. Upon completion, the acquirer intends to take control and become the promoter, while the sellers will be reclassified as public shareholders. The acquirer will also make an Open Offer to public shareholders as per SEBI regulations. No restrictions or liabilities are imposed on Oseaspre Consultants Limited as it is not a party to the SPA.

Key Highlights

  • Promoters to sell 73.52% stake via Share Purchase Agreement.
  • Acquisition aims for substantial shares and control transfer.
  • Cash consideration of ₹70,58,064 for the shares.
  • Acquirer to launch Open Offer to public shareholders.
  • Company not a party to SPA; no direct liability imposed.